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Hoyer: Debt Limit Should Be Raised With or Without Spending Cuts
CNSNews ^ | 6/15/11 | Edwin Mora

Posted on 06/15/2011 8:33:00 AM PDT by CNSNews

Washington (CNSNews.com) - House Democratic Whip Steny Hoyer (D-Md.) said Congress needs to raise the federal debt limit above its current $14.29 trillion limit regardless of whether spending cuts are made in the federal budget.

At a pen and pad meeting with reporters on Tuesday, Hoyer said, “I hope we can reach an agreement [with Republicans] on the fiscal restraints and bringing the [budget] deficit and the [national] debt down -- the debt being long-term, deficits being short-term," said Hoyer. “If we can’t, I think we need to increase the debt [limit] in any event because America is going [to] pay its bills and I think Americans share that value of fiscal responsibility.”

Hoyer said he agrees with House Speaker John Boehner [that] before this month ends, "we need to do something on extending the debt [limit]. If we can do it with deficit and debt reductions at the same time, fine. If we can’t, we still have no alternative but to increase the debt limit.”

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Government; News/Current Events
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To: CNSNews

Old addage holds true here,
Shut your mouth and leave at least some doubt as to whether or not you are a MORON.


21 posted on 06/15/2011 12:20:56 PM PDT by Joe Boucher
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To: CNSNews

Nope not a chance.Start cutting across the board socail programs first.I want all of those Obama voters to feel the pain the worst.


22 posted on 06/15/2011 12:54:57 PM PDT by chris_bdba
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